Markets Overview

April 1, 2015

EUR/ USD 1.0747
On the short -term the market has broken the correction pattern and expected to reach lower levels as shown at the chart , moreover , at the lowest levels of that down-trend we would confirm if the market would continue its downward trend or stabilize and range between the bigger levels of 1.12 and 1.05 .
On the longer-term view : the market on the down trend driven by a lot of factors ; moreover , a levels below 1.04s es expected and parity exchange rate would be in the next half of 2015.
Daily Trend: Neutral
Weekly Trend: Down

GBP/USD: 1.4776
Wide range market
On the short-term ; the market is clearly on a range market trading between , 1.50 and 1.47 levels ; any breakout the move would be fast and strong targeting 500 pips on the mid-term. Most of the currencies markets going on a stabilizing rate between certain levels to consolidate the recent strong move we have seen on the last 6 months.
On the long-term view : still a lower levels is expected with stabilizing near 1.30s levels , the major turning point would be the May elections - The dollar effect which mainly would move the rate ; however , the stabilization is expected because of the expectation that BoE would hike rate after the Fed expected move.
Daily Trend: Neutral
Weekly Trend: Down

USD/JPY: 120.20
Japanese Yen consolidate further - the safe Haven on geopolitical risk
as market has recorded a higher price ovver 120 yen per us dollar , the the upward for the longer term view is more probable , however , the market of this pair is also trading in a range awaiting more data to decide its mid-term course of action - so we do expect and see a range market sloping upward on the short-view.
On the longer -term : still the bull wave in effect as long as market is trading higher than 115 levels , targeting 125/128 levels - buying in dip would be the most strategy used by the markets on that pairs on the long targeted investment choice.
Daily Trend: Neutral
Weekly Trend: Up

Crude Oil
Oil (5K) 47.38
consolidation and near to reverse- awaiting the confirmation
On the short-term view ; we have mentioned earlier on our reports that the market is trading between 50s and 47s levels ; any successful breakout would continue on the direction of that breakout - the most probable scenario would downward breakout to reach a levels at 43/42 for barrel .
However , on the longer -term the fundamental of the market has bot been changed and June OPEC meeting is the awaiting event for the energy observer , with no change - as expected - about the adjustment of the supply then more down move is the new wave on the future to target below 40 per barrel .
Daily Trend: Ranging
Weekly Trend: Down

GOLD 1185
continuation the downward move
On the short term , the market has fallen to keep the levels of 1200 as support and penetrated it downward - so the higher breakout was not sustainable and could not build further higher prices expectations.
the major short-term levels which the market would keep an eye on it 1178 - further drop below means 1150s would be the target for the market again.
On the longer-term view : The view has became stabilized after a drop was expected further ; the market would range between 1250 and 1190 ; the penetration of one of this level would determine the new direction and continuously we would update the view as the factors are changing .
Daily Trend: Up
Weekly Trend: Range

Dow Jones
Dow Jones: 17650
Equity on a bigger consolidation pattern - with upward slope
On the longer-term as long as market trading higher than 17,000 us dollar for the index ;then it is an buy opportunity to target $20,000. in case now rate hike by the Fed.
Market on short-term is in a correction phase would target 17250 in case is traded below 17500 , while in case market continued its up swing and crossed 18000 then our longer-term target of 20,000 would be most probable. Moreover , the range which the market trading inside it would be also continue till a successful break of 18200 or 17000 and the breakout direction would push the market further on new levels on the mid-term point of view.
So market will be ranging with up slope until 18,200 penetrated then 18,500 would eb the coming target (Higher probability scenario
Daily Trend: Neutral
Weekly Trend: Up

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